Tastyfx review: $0 commission forex trading
Tastyfx isn't available on Finder right now.
- Stock trade fee
- N/A
- Minimum deposit
- $250
Our verdict
Access more than 80 currency pairs with relatively low spreads.
Tastyfx offers $0 commission trading, with spreads starting at 0.8 pips, fast trade execution and margin as low as 2%. It offers several trading platforms, featuring advanced trading tools like advanced, customizable charting, risk management features and detailed analytics. It also offers comprehensive educational content and simulated trading, helping traders of all experience levels improve their skills and strategies. But being exclusively a forex trading platform, Tastyfx doesn't offer access to other assets.
Best for: Forex trading.
Pros
-
$0 commission forex trading
-
Spreads starting at 0.8 pips
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Margin as low as 2%
-
Advanced trading tools
Cons
-
Exclusively forex trading
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No account varieties
IG US rebranded to tastyfx. The company says the rebrand is to align with its growth as a US forex broker.
Tastyfx is best for forex trading
Tastyfx is exclusively a forex trading platform, offering over 80 forex pairs, commission-free trades and 24/5 customer support. The platform advertises tights spreads starting at 0.8 pips, fast trade execution and margin as low as 2%.
Tastyfx platforms provide powerful tools, such as advanced, customizable charting, risk management features and detailed analytics, catering to both beginner and advanced traders. Tastyfx’s platforms include the Tastyfx web platform and mobile app, with access to Metatrader 4 and ProRealTime technical analysis software.
Additionally, Tastyfx’s commitment to education, with resources like tutorial, webinars and simulated trading through a demo account, helps traders improve their skills and strategies. This combination of features makes Tastyfx a top choice for forex trading.
What we like about Tastyfx
Tastyfx offers several standout features, including competitive pricing, trade execution speed, advanced trading tools and educational resources.
Trade with low spreads and transparent pricing
Tastyfx offers $0 commissions, low spreads starting at 0.8 pips and margin as low as 2%, making it a cost-effective option for forex traders. Tastyfx also offers rebates for high-volume traders.
The absence of hidden fees or commissions helps traders manage their costs more effectively.
Execution speed and reliability
Tastyfx advertises an average trade execution speed of 17 milliseconds (ms), as of June 31, 2024. To compare, Forex.com’s average execution speed is 0.06 seconds.(1) Fast execution speeds and reliable performance are critical in the fast-paced forex market, ensuring traders can enter and exit positions quickly without significant slippage.
Advanced trading tools
The platform provides powerful tools that cater to both beginner and advanced traders. These include advanced charting capabilities, customizable indicators, alerts, automated trading and robust risk management features. These tools allow traders to execute and manage complex forex strategies with precision.
Educational resources
Tastyfx offers a variety of tutorials, webinars and other resources, including simulated trading, to help users improve their trading skills and strategies. This focus on education makes it an appealing choice for traders who want to continuously develop their expertise.
Where Tastyfx falls short
While TastyFX has several strengths, there are some potential drawbacks to consider.
Limited asset variety
Tastyfx is highly specialized in forex trading, which might not be ideal for traders looking to diversify into other asset classes like stocks, commodities or cryptocurrencies. The focus on forex could be limiting for those who want a broader range of trading opportunities.
No account varieties
Most brokers let you open different types of forex accounts based on your account size, the number of transactions you make or the size of your trades. With Tastyfx, there’s only one account type regardless of your account size.
Tastyfx fees
| Type of fee | Fee details |
|---|---|
| Minimum deposit | $250 |
| Annual fee | $0 |
| Forex commission | $0 |
| Spreads | Start at 0.8 pips |
| Margin rates | Start at 2% |
| Wire transfer out | $15 |
| Inactivity fee | $0 |
Is Tastyfx legit?
Yes, Tastyfx is a legitimate company and forex broker. It’s a registered Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission and is a National Futures Association member. Tastyfx is affiliated with tastytrade, Inc. and tastylive, Inc., all of which are owned by IG US Holdings, Inc.
Tastyfx reviews and customer experience
TastyFX has limited online reviews. Its Better Business Bureau (BBB) profile, listed under its previous name, IG US LLC, shows no customer reviews as of August 2024 and carries an F rating, without accreditation.
On Trustpilot, TastyFX has no ratings or reviews as of August 2024. Discussions on Reddit are mostly focused on the company’s recent rebranding from IG US to TastyFX, with limited feedback on the platform’s current performance.
Compare Tastyfx to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
Tastyfx
Available asset types
Currencies
Stock trade fee
N/A
Minimum deposit
$250
Signup bonus
N/A
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Finder rating 4.7 / 5
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Stock trade fee
$0
Minimum deposit
$0
Signup bonus
N/A
Your reviews
Matt Finder
Editor, Investments
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